Beautiful Landscape

Trust & Safety

Every customer is vetted before joining our Platform to securely trade with a trusted counterparty.

Due Diligence 

We sign contracts and domiciliation from vetted trusted buyers 

Zowasel screened enterprise buyers based on their company formation, payment terms, off-take capacity, and financial records to determine/verify proof of income and payments capacity.

 

Zowasel signs Fulfillment Agreements with buyers, after which the buyer issues payment domiciliation to join the platform. 

 

Zowasel verifies every crop seller on the platform using their BVN, NIN, crop quality knowledge, and souring networks to determine/verify proof delivery capacity.

Accountant Records

transaction security

Every customer is verified to securely trade with a trusted counterparty 

We match buyers and sellers of the same commodity. You decide on pricing and terms together, Zowasel enforces smart contracts and ensures that all transactions are shipped and payments are made after delivery without any issues.

To protect customers and ourselves, we follow the normal buyers' payment terms by making payments after delivery.

Image by Austin Distel

Escrow Account System


To protect our sellers and buyers, even when a buyers pays ahead in full or deposit, Zowasel holds the payment in an escrow account, and only makes payment to the seller as soon as the buyer confirms the waybill received in accordance to buyers payment terms.




Power Of Negotiattion


Zowasel shows your listings to new trading partners or only make it visible to a specific group. You can even share your listings with existing trading partners who aren't on our platform. Posting and negotiating on Zowasel Marketplace is completely your duty. Information is exchanged between trusted counterparties only when a deal is formally agreed upon before we can ensure a smaert contract.




Buyers Vetting Process


Zowasel signs fulfillment contracts with every buyer to insure against default and or delay payments, plus payment domilication to our escrow accounts to protect our crop sellers. We screened enterprise buyers on the basis of their company formation, payment terms, off-take capacity, and financial records to determine/verify proof of income and repayments capacity below: Blue-chip (Multinational processors ) Requirements:

  • Good Credit Rating
  • Structured Payment terms
  • Signed MoU
  • Letter of Credit
Brown-chip (National processors) Requirements:
  • Good Credit Rating
  • Structured Payment System
  • Signed MoU
  • Letter of Credit
Red-hot (Small to medium scale processors) Requirements:
  • Cash Payment
  • Credit Guarantee
  • Banker’s Cheque




Contractual Requirements


Zowasel signs fulfillment agreements with buyers, after which buyer issues payment domiciliation to join the platform. We match buyers and sellers of the same commodity. You decide on pricing and terms together, Zowasel enforces smart contracts and ensures that all transactions are shipped and payment are made after delivery without any issues.




Payment Terms


To protect our sellers and buyers, plus ourselves, we follow the normal buyers payment terms by making payments after delivery.




Transaction Transparency


  1. Your data is secure
  2. You choose what data you share
  3. You own the data generated on your sales
  4. You trade with only vetted and trusted counterparties




Marketplace Transaction Fees


We only make money when you make money. Posting, negotiating, matching, and searching the marketplace is 100% free. Both grain buyers and sellers know the pain of low local demand or non-existent supply. Zowasel offers flexible fees for your agribusiness to expand to areas in which you haven’t established a network through our exclusive subscription package. Visit https://www.zowasel.com/pricing to choose a plan today!




Guaranteed Payment Collection Insurance


Zowasel signs fulfillment contracts with every buyer to insure against default and or delay payments, plus payment domilication to our escrow accounts to protect our crop sellers. However, we also offer Performance Bond as "Guaranteed Payment Collection Insurance" against the buyer's default risk at sellers request. If you choose to take a Performance Bond, verified crop sellers get a 20% discount on the cost, giving you great value and confidence.




Marketplace Transactions Protection


Firstly, Zowasel signs fulfillment contracts with every buyer to insure against default and or delay payments, plus payment domilication to our escrow accounts to protect our crop sellers. Secondly, Zowasel does not speculate on commodity prices and hedges risk as soon as it becomes known. This means that price changes, either up or down, have very little impact on our profit and loss. This has the added benefit that Zowasel never takes a position opposite its customers – Zowasel does better when you do better. And lastly, the transactions carried out in Marketplace are subject to industry standard and buyers payment terms are followed – ensuring there are no hidden terms or additional fees. 03





Matchmaking and transaction security